extract the same are called as overburden
charges or stripping costs. Subcontract was awarded by assessee company
to GVP E&C, which ... Pratap Reddy, the
Managing Director of the assessee company. The subcontracts were then
given to the employees of the assessee company. Mr. GV Pratap Reddy
parties had entered into an agreement titled as 'Conditions
of Subcontract' on 11.09.2020. Clause 37 of the aforesaid
agreement contains an arbitration clause ... India.
::2::
It is the intention of the Parties that the subcontract
between the Parties should be implemented in a
smooth manner and in order
after the termination, abandonment or breach of the Subcontract, it shall
be referred to arbitration as hereinafter provided. All disputes or differences
shall be referred ... Contractor
is of opinion that such dispute touches or concerns the Subcontract Works,
then provided that the arbitrators have not already been agreed upon
submarine pipelines in the Mumbai High/Bassein/Heera Fields.
Leighton has further subcontracted a certain portion of work with
respect of work with respect ... stated that assessee was supposed to do the following
work under the subcontract:
"1. Mobilisation of marine spread and resources such as construction
equipment
Percentile 19.77
2.5 The Ld.TPO further noted that, the assessee excluded
subcontracting charges while computing its operating margins.
The Ld.TPO thus called upon ... year. It was further submitted before the Ld.TPO that, the said
subcontracting charges formed part of its total cost base, on
which the cost
facts that these contracts are nothing but
artificially arranged back to back subcontracts for inflating expenses
in the books of
3. Whether, on the facts ... back given
to Maganti Constructions and there was no rationale for giving subcontract
work to ABIL and Splendor Developers. Accordingly, he disallowed an
amount
DTPL. It is contended that the
respondent called upon bids to subcontract a portion of the work
and that the petitioner furnished its proposal ... whether before or after the termination,
abandonment or breach of the Subcontract, it shall be
referred to arbitration as hereinafter provided.
All disputes or differences
made disallowance of bogus
purchases, bogus job works & labour charges,
subcontracts payments, unexplained cash credits of
loans and disallowance of interest on loans ... additions made in
respect of bogus purchases, job works, subcontract
works and labour expenses, addition of unsecured
loans and interest disallowance are without any
incriminating
further stated that the applicant has not entered into franchisee agreement or subcontracted the said job to the informant or other persons. Learned counsel ... with the State of U.P., which reads as under;
"6. Subcontracting or Franchising
6.1. PTP shall not subcontract the conduct of training
Contractor, liquidated dainage shall be recovered as
provided in the Subcontract Agreement. Such
liquidated damage shall by 0.5% of the Subcontract
Price per one week ... delay with an upper limit of 10%
of the Subcontract Price.
SCC clause 23 of the Main Contract shall applicable
to the Subcontractor
